Element Solutions Inc (NYSE:ESI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Element Solutions Inc (NYSE:ESI) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $30.14.

Several brokerages recently issued reports on ESI. Truist Financial began coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a “hold” rating and a $28.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Barclays decreased their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th.

Hedge Funds Weigh In On Element Solutions

Several large investors have recently made changes to their positions in the stock. Advisory Research Inc. lifted its holdings in shares of Element Solutions by 14.0% in the 4th quarter. Advisory Research Inc. now owns 167,029 shares of the company’s stock worth $4,248,000 after acquiring an additional 20,470 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in shares of Element Solutions by 12.0% in the 4th quarter. Ceredex Value Advisors LLC now owns 626,450 shares of the company’s stock worth $15,931,000 after acquiring an additional 67,344 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Element Solutions by 7.7% in the 4th quarter. Guggenheim Capital LLC now owns 233,498 shares of the company’s stock worth $5,938,000 after acquiring an additional 16,731 shares during the last quarter. Walleye Trading LLC lifted its holdings in shares of Element Solutions by 1,156.9% in the 4th quarter. Walleye Trading LLC now owns 32,838 shares of the company’s stock worth $835,000 after acquiring an additional 35,945 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Element Solutions by 77.1% in the 4th quarter. XTX Topco Ltd now owns 24,409 shares of the company’s stock worth $621,000 after acquiring an additional 10,630 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Up 0.2 %

Shares of NYSE ESI opened at $26.06 on Friday. Element Solutions has a 12-month low of $21.42 and a 12-month high of $29.78. The stock has a market cap of $6.31 billion, a PE ratio of 23.48, a P/E/G ratio of 2.17 and a beta of 1.30. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $25.91 and a 200 day moving average of $26.31.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.23%. Element Solutions’s dividend payout ratio is currently 28.83%.

About Element Solutions

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.